Just wondering because i haven´t heard of many. Do you know anyone in the private equity business who drives a Bentley?
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Not private equity, but there are a few guys in my office building who have one, like three of them. Not sure of their titles, but they are likely hedge fund managers of some sort, it's not private equity.
Once you see one in person, they are not that special. Seems pretty dumb to spend so much money on a car, in my opinion. I am not jealous of them, they seem like suckers in the general sense- had to buy the Bentley because the other guy bought a Bentley, you know? Fairfield county rat race.
Go visit LA. I lived there for 11 years. Bentley's are a dime a dozen in Brentwood, Beverly Hills, Manhattan Beach, and Palos Verdes. The one I saw most frequently was bright red, piloted by Serena Williams. How's your forehand?
Same in Palm Beach... so many Bentley's for a short strip. Understandable for old money sr citizens in $5M+ homes.
Flying Spur is one of my uncle's cars. He's in RE Dev in Ukraine.
They really aren't that special, but I like em. You can get one for ~60k if you look around.
Three I can think of off the top of my head: real estate developer/lawyer; REPE; physician
I had a client with one. He was a business owner.
They're really not that expensive relative to what you might think, although they are amazing cars. You don't need to make a million dollars a year to be able to afford one, if that's what you're asking. A Continental GT V8 can be had for well under 200k, definitely not breaking the bank for most people in PE.
You cant find a used Cont GT V8 for "well' under 200k
Oh really? http://www.ebay.com/itm/Bentley-Continental-GT-V8-Mulliner-Driving-Spec…
And there's at least 10 more like it. And I meant new...they're under 200k new. Maybe do some research first?
Isn't the MSRP on that car like 180k, at least ignoring the dealer's spread? There are 2010 models with less than 10k miles offered @ 130k.
Honestly I'd be more happy with a new M5 and Chevy Tahoe combo.
http://www.cargurus.com/Cars/l-Used-2013-Bentley-Continental-GT-V8-t442…
I'd say 50k under is well under.
Know one kid at my school who drives one. I don't know what his Dad does, though.
I know two older guys that drive Bentleys and one that drives a Rolls. All three are/were involved in Real Estate in some form or another. A lot of fairly unimpressive people made a ton of money in RE over the past several decades.
I've known plenty of people with Bentley's (and Roll's) in PE, real estate-PE, developers, successful construction guys-, IB, HF, entrepreneurs/business owners, tech, VC, a doctor and probably more. It's not worth it in Manhattan because it'll just get beat up but go to other parts of the country like some of the above posters have stated and you see them all over. LA, Miami/So Florida, even Atlanta.
They're nice but if I was going to spend that much on a car I'd rather get a true sports/race car that I could take to the track like a Ferrari.
I know an MD at GS (pretty high up the food chain) that drives a Bentley, personally I wouldn't want one but would love to drive around in it for a few hours or days. After that point, it's just another car to me.
How old are these people? . Under 40 is pretty impressive, but less so for an 80 year old guy who can barely see over the wheel.
All about the new M6, great compromise for a day car.
Don't personally know anyone that drives one, but I'm really not too impressed when I see one. I'd rather drive an AMG mercedes or M series. If I ever made f-you money I'd probably buy one though.
Pro athlete I know has a bentley, hates it.
A Partner at EY, an Associate in BigLaw and a Principal at Amazon. Pretentious m'fers, but they do have good taste.
Most of the people I know that have a Bentley or equivalent had a big liquidity event from selling their business or a part of it. The smart ones sell a part of it so they can keep expensing most of their lives anyways.
Oh I hear ya, I don't understand why anyone would drop that kind of cash on a car. I roll in an old school Ford Bronco, and will never buy a Bentley so maybe I'm biased.
The Associate comes from a wealthy family, I'd also put money on being an equity partner one day. The other two are exceptionally wealthy in their own right.
Yeah, you shouldn't buy a car like that until it's purely f-you money, which typically comes with a big liquidity event (guy I know just bought a purple Bentley when he sold his tech co, know freaking idea why purple) or years of continually making making large annual sums of money in things like finance (and I'm not talking a million or two per year for a couple of years).
It's constantly said, but cars are the worst thing you can blow money on. When I was younger I got wrapped up in them (not Bentleys, but expensive sports sedans-think M's & AMG's). Now that I'm a bit older and really don't care I have a Jeep Wrangler 4dr: went back to the thing I drove in high school and when I rip the top and doors off, I have more fun than in the more expensive cars and in the winter I'm unstoppable.
Evan, $165,000 isn't well under $200,000 lol...
What? Can you do math? Holy shit.
Friends dad is real estate developer. The guy also has a Ferrari and a fleet of other luxury cars, so baller.
I've read some weird threads on WSO, but I have to say this one strikes me as one of the strangest for some reason.
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